"May you live in interesting times" is an ironic Chinese curse about to be experienced by more than a few CIOs in the US. Our truly terrifying current economic climate is sure to impact IT organizations profoundly as organizations call on business units to do more, maybe far more, with less. In the name of sound IT management, CIOs are reminded to consider the most common sources of technology management failures that happen in the good times because in bad times like these, managerial vulnerabilities are often magnified.